Abo Moati net profit down 27% to SAR 2M in Q1 2024/25

Abo Moati net profit down 27% to SAR 2M in Q1 2024/25

07/08/2024 Argaam Exclusive

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Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit of SAR 2 million for the first quarter ended June 30, 2024, a decline of 27% compared to SAR 2.7 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 49.89 48.53 (2.7 %)
Gross Income 13.71 14.49 5.7 %
Operating Income 2.50 2.76 10.2 %
Net Income 2.69 1.96 (27.2 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 0.13 0.10 (27.2 %)

Sales decreased year-on-year (YoY) by SAR 1.3 million, or 2.73% due to Eid Al-Fitr and Eid Al-Adha holidays in the quarter.

 

The company also noted higher general, administrative, selling and marketing expenses as well as financing costs YoY.

On a quarterly basis, the company’s profit fell 26% in Q1 2024/25, from SAR 2.65 million.

 

Shareholders’ equity, no minority interest, reached SAR 240.19 million at the end of the three-month period, compared to SAR 245.61 million a year earlier.

 

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 110.07 - 12.04 - 5.55 -
Q2 2015 118.38 - 15.11 - 9.52 -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 73.59 (33.1 %) 7.41 (38.4 %) 1.54 (72.2 %)
Q2 2016 93.62 (20.9 %) 10.55 (30.2 %) 4.95 (48.0 %)
Q3 2016 101.08 - 15.77 - 8.42 -
Q4 2016 114.04 - 16.05 - 8.25 -
Q1 2017 52.51 (28.7 %) 9.15 23.4 % 2.43 57.6 %
Q2 2017 74.75 (20.2 %) 15.12 43.3 % 6.91 39.5 %
Q3 2017 96.67 (4.4 %) 14.86 (5.8 %) 7.72 (8.3 %)
Q4 2017 78.94 (30.8 %) 15.50 (3.4 %) 4.80 (41.8 %)
Q1 2018 47.70 (9.1 %) 8.66 (5.3 %) 1.95 (19.8 %)
Q2 2018 92.81 24.2 % 18.60 23.0 % 8.30 20.1 %
Q3 2018 99.17 2.6 % 17.62 18.5 % 7.47 (3.3 %)
Q4 2018 77.18 (2.2 %) 16.76 8.1 % 6.39 33.0 %
Q1 2019 44.32 (7.1 %) 9.14 5.5 % 2.01 2.8 %
Q2 2019 92.63 (0.2 %) 17.83 (4.2 %) 7.11 (14.4 %)
Q3 2019 84.59 (14.7 %) 17.29 (1.9 %) 5.86 (21.5 %)
Q4 2019 75.53 (2.1 %) 15.92 (5.0 %) 4.68 (26.7 %)
Q1 2020 36.16 (18.4 %) 7.90 (13.6 %) 1.32 (34.0 %)
Q2 2020 60.26 (34.9 %) 12.40 (30.4 %) 1.88 (73.5 %)
Q3 2020 68.39 (19.2 %) 13.89 (19.6 %) 4.21 (28.2 %)
Q4 2020 65.21 (13.7 %) 12.91 (18.9 %) (1.78) (138.1 %)
Q1 2021 45.38 25.5 % 10.49 32.8 % 2.00 50.8 %
Q2 2021 72.95 21.0 % 17.59 41.9 % 6.68 255.2 %
Q3 2021 90.46 32.3 % 19.37 39.4 % 8.18 94.2 %
Q4 2021 73.51 12.7 % 17.41 34.8 % 5.66 417.2 %
Q1 2022 62.94 38.7 % 16.43 56.7 % 4.66 133.3 %
Q2 2022 101.78 39.5 % 27.08 53.9 % 13.99 109.4 %
Q3 2022 86.29 (4.6 %) 20.09 3.7 % 8.35 2.1 %
Q4 2022 63.37 (13.8 %) 16.81 (3.5 %) 3.72 (34.3 %)
Q1 2023 49.89 (20.7 %) 13.71 (16.6 %) 2.50 (46.2 %)
Q2 2023 89.06 (12.5 %) 26.26 (3.0 %) 14.09 0.7 %
Q3 2023 75.06 (13.0 %) 22.22 10.6 % 9.22 10.4 %
Q4 2023 56.49 (10.9 %) 14.23 (15.4 %) 0.99 (73.4 %)
Q1 2024 48.53 (2.7 %) 14.49 5.7 % 2.76 10.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 4.42 - 0.22 - 4.42 0.22
Q2 2015 8.06 - 0.40 - 8.06 0.40
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 1.20 (72.8 %) 0.06 - 1.20 0.06
Q2 2016 3.82 (52.6 %) 0.19 - 3.82 0.19
Q3 2016 7.45 - 0.37 - 7.45 0.37
Q4 2016 7.11 - 0.36 - 7.11 0.36
Q1 2017 1.43 18.8 % 0.07 - 1.43 0.07
Q2 2017 4.99 30.6 % 0.25 - 4.99 0.25
Q3 2017 7.04 (5.4 %) 0.35 - 7.04 0.35
Q4 2017 4.67 (34.3 %) 0.23 - 4.67 0.23
Q1 2018 1.54 8.2 % 0.08 - 1.54 0.08
Q2 2018 5.87 17.5 % 0.29 - 5.87 0.29
Q3 2018 6.19 (12.1 %) 0.31 - 6.19 0.31
Q4 2018 4.62 (1.2 %) 0.23 - 4.62 0.23
Q1 2019 0.99 (35.9 %) 0.05 - 0.99 0.05
Q2 2019 4.36 (25.7 %) 0.22 - 4.36 0.22
Q3 2019 4.78 (22.9 %) 0.24 - 4.78 0.24
Q4 2019 3.75 (18.7 %) 0.19 - 3.75 0.19
Q1 2020 (1.80) (282.0 %) (0.09) (2.52) 0.72 0.04
Q2 2020 3.30 (24.2 %) 0.17 - 3.30 0.17
Q3 2020 3.00 (37.3 %) 0.15 - 3.00 0.15
Q4 2020 0.84 (77.8 %) 0.04 - 0.84 0.04
Q1 2021 1.91 206.1 % 0.10 - 1.91 0.10
Q2 2021 5.31 60.9 % 0.27 - 5.31 0.27
Q3 2021 7.20 140.4 % 0.36 - 7.20 0.36
Q4 2021 0.68 (18.3 %) 0.03 (5.45) 6.13 0.31
Q1 2022 4.32 125.9 % 0.22 - 4.32 0.22
Q2 2022 12.81 141.2 % 0.64 - 12.81 0.64
Q3 2022 8.02 11.3 % 0.40 - 8.02 0.40
Q4 2022 (8.22) (1305.8 %) (0.41) (12.40) 4.18 0.21
Q1 2023 2.69 (37.7 %) 0.13 - 2.69 0.13
Q2 2023 13.05 1.9 % 0.65 - 13.05 0.65
Q3 2023 8.55 6.6 % 0.43 - 8.55 0.43
Q4 2023 2.65 132.2 % 0.13 2.31 0.34 0.02
Q1 2024 1.96 (27.2 %) 0.10 0.38 1.58 0.08

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 13.02 % 6.71 % 5.12 %
Q1 2017 14.26 % 7.35 % 5.48 %
Q2 2017 16.38 % 8.31 % 6.13 %
Q3 2017 16.32 % 8.27 % 6.09 %
Q4 2017 18.04 % 8.13 % 5.99 %
Q1 2018 18.16 % 8.12 % 6.12 %
Q2 2018 18.23 % 8.11 % 6.05 %
Q3 2018 18.95 % 7.95 % 5.73 %
Q4 2018 19.45 % 8.51 % 5.75 %
Q1 2019 19.81 % 8.81 % 5.63 %
Q2 2019 19.58 % 8.63 % 5.16 %
Q3 2019 20.42 % 8.77 % 4.93 %
Q4 2019 20.25 % 8.60 % 4.67 %
Q1 2020 20.40 % 8.75 % 4.71 %
Q2 2020 20.85 % 7.99 % 4.89 %
Q3 2020 20.85 % 7.93 % 4.48 %
Q4 2020 20.48 % 5.99 % 3.41 %
Q1 2021 20.77 % 6.35 % 3.78 %
Q2 2021 21.79 % 8.30 % 4.39 %
Q3 2021 22.03 % 9.47 % 5.57 %
Q4 2021 22.98 % 11.74 % 7.28 %
Q1 2022 23.61 % 12.06 % 7.66 %
Q2 2022 24.43 % 13.32 % 9.27 %
Q3 2022 24.96 % 13.65 % 9.64 %
Q4 2022 25.58 % 13.60 % 9.33 %
Q1 2023 25.78 % 13.65 % 9.19 %
Q2 2023 26.63 % 14.41 % 9.68 %
Q3 2023 28.48 % 15.38 % 10.26 %
Q4 2023 28.25 % 14.84 % 9.10 %
Q1 2024 28.68 % 14.93 % 8.74 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2015 20.00 - - -
Q2 2015 20.00 - - 10.13
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 20.00 - - 10.00
Q2 2016 20.00 - - 10.24
Q3 2016 20.00 - - 10.17
Q4 2016 20.00 0.98 0.98 10.52
Q1 2017 20.00 0.99 0.99 10.61
Q2 2017 20.00 1.05 1.05 10.87
Q3 2017 20.00 1.03 1.03 10.82
Q4 2017 20.00 0.91 0.91 11.01
Q1 2018 20.00 0.91 0.91 11.09
Q2 2018 20.00 0.96 0.96 10.94
Q3 2018 20.00 0.91 0.91 11.28
Q4 2018 20.00 0.91 0.91 11.53
Q1 2019 20.00 0.88 0.88 11.60
Q2 2019 20.00 0.81 0.81 11.40
Q3 2019 20.00 0.74 0.74 11.65
Q4 2019 20.00 0.69 0.69 11.78
Q1 2020 20.00 0.55 0.68 11.73
Q2 2020 20.00 0.50 0.63 11.48
Q3 2020 20.00 0.41 0.54 11.60
Q4 2020 20.00 0.27 0.39 11.63
Q1 2021 20.00 0.45 0.45 11.79
Q2 2021 20.00 0.55 0.55 11.55
Q3 2021 20.00 0.76 0.76 11.88
Q4 2021 20.00 0.76 1.03 11.89
Q1 2022 20.00 0.88 1.15 12.03
Q2 2022 20.00 1.25 1.52 12.18
Q3 2022 20.00 1.29 1.56 12.54
Q4 2022 20.00 0.85 1.47 12.14
Q1 2023 20.00 0.76 1.38 12.28
Q2 2023 20.00 0.78 1.40 11.89
Q3 2023 20.00 0.80 1.42 11.84
Q4 2023 20.00 1.35 1.23 11.95
Q1 2024 20.00 1.31 1.18 12.01

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 13.74 13.74 1.28
Q2 2017 9.99 9.99 0.96
Q3 2017 9.18 9.18 0.87
Q4 2017 11.21 11.21 0.92
Q1 2018 10.05 10.05 0.83
Q2 2018 9.52 9.52 0.83
Q3 2018 8.34 8.34 0.68
Q4 2018 10.77 10.77 0.85
Q1 2019 12.68 12.68 0.97
Q2 2019 17.33 17.33 1.23
Q3 2019 15.60 15.60 0.99
Q4 2019 27.64 27.64 1.63
Q1 2020 23.13 18.84 1.09
Q2 2020 32.54 26.01 1.42
Q3 2020 74.18 56.82 2.64
Q4 2020 More than 100 More than 100 4.60
Q1 2021 More than 100 More than 100 4.38
Q2 2021 96.82 96.82 4.63
Q3 2021 65.42 65.42 4.20
Q4 2021 51.31 37.70 3.26
Q1 2022 43.41 33.10 3.16
Q2 2022 22.99 18.88 2.36
Q3 2022 24.09 19.89 2.48
Q4 2022 30.09 17.36 2.10
Q1 2023 38.39 21.20 2.39
Q2 2023 44.04 24.49 2.88
Q3 2023 37.11 20.94 2.52
Q4 2023 21.98 24.04 2.48
Q1 2024 22.63 25.22 2.47

Business Segments (Million)

Compared With The
Period Retail and wholesale Inks segment Head office and leasing and others
Q3 2019 55.46 29.13 -
Q4 2019 48.80 26.73 -
Q1 2020 22.55 13.61 0.37
Q3 2020 40.21 28.18 -
Q4 2020 34.88 30.33 -
Q1 2021 28.83 16.55 -
Q2 2021 55.07 17.88 -
Q3 2021 56.36 34.10 -
Q4 2021 62.11 11.40 -
Q1 2022 48.57 14.37 -
Q2 2022 85.83 15.95 -
Q3 2022 77.78 8.51 -
Q4 2022 62.28 1.09 -
Q1 2023 48.86 1.03 -
Q2 2023 86.57 2.49 -
Q3 2023 73.65 1.41 -
Q4 2023 54.75 1.73 -
Q1 2024 46.89 1.64 -


Financial Ratios
Current
Market Cap (M Riyal) 606.00
Enterprise Value (EV) (M) 646.57
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 1.19
Book Value (BV) ( Riyal) 12.05
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.70
P/E (TTM) 25.46
Price/book 2.51
Return on Average Assets (%) (TTM) 7.3
Return on Average Equity (%) (TTM) 9.9
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Share Price

Abdullah Saad Mohammed Abo Moati for Bookstores Co.
30.30
0.40 1.34 %

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (ABO MOATI)

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